An illegal alien from Guatemala charged with raping a child in Massachusetts. An MS thirteen gang member from Al Salvador accused of murdering a Texas man of Venezuelan charged with filming and selling child pornography in Michigan. These are just some of the heinous migrant criminals caught because of President Donald J. Trump's leadership. I'm Christy nom the United States
Secretary of Homeland Security. Under President Trump, attempted illegal border crossings are at the lowest levels ever recorded, and over one hundred thousand illegal aliens have been arrested. If you are here illegally, your next you will be fined nearly one thousand dollars a day, imprisoned, and deported. You will never return. But if you register using our CBP home app and leave now, you could be allowed to return legally.
Do what's right. Leave now. Under President Trump, America's laws, border and families will.
Be protected sponsored by the United States Department of Homeland Security.
So let's get into it. First question this year, let's talk about that three point four million dollar number American Dream And yeah, can you give us some more details on that?
Sure? Absolutely, So we're always looking at what people are looking for and investipede it. And when we come to the end of the year, we look at the terms that pop the most. What were people searching for the most, either at one distinct period of time or what definition or term had the most consistent search and American dream was our top term of the year. People were looking for that throughout the year. So we got into that a little bit. Why were people looking up the American Dream?
And we've the more we looked, the more we understood that it felt like it was out of reach for a lot of people, especially young people, who feel like they're not going to be able to have a good of financial life as their parents. They're not going to be able to do better than their parents. They may not ever be able to buy a home given mortgage rates, given the high price of housing these days. So we got into it a little bit more and we saidhy
don't we actually put a number on it? What would it cost to if you wanted to build the so called dream? And to be completely candid, my dream and your dream are very different, and the dream of everybody
listening is very different. But a reasonable expectation to build a family, raise a family have a couple of kids, send them to school for a couple of years, have a couple of pets that live fifteen years on average, each own five to six used cars over your lifetime, pay for health insurance, the cost of raising a kid, having a little bit of money three quarters of a million bucks set aside for ten years of retirement. When we total that up, it came to three point four
million dollars. Again, your dream and my dream are different, but these are reasonable expectations for raising a family today in this country. And that does include buying a home. Not everybody wants to buy a home, but if you wanted to, And that was kind of what the dream was purported to be, right, being able to do whatever you wanted to do in this country, no matter who
you are. That's the purpose of the dream. The American dream was actually coined in nineteen thirty one by an author in a called Epic of America's James Truslow Adams. He wrote about the American dream in the depths of the Depression when he was talking about dream of a dream of a land in which life should be better, richer, and fuller for everyone, with opportunity for each According to
ability or achievement. Well, the financial services industry over the last thirty years turned that into owning a home, having retirement assets, being able to afford a college education for your family, being able to afford insurance, healthcare, and all those things. So just taking the reasonable expectations for what that is today, that's three point four million dollars. But the problem, guys is if you take the median income over a lifetime of earning, you get to about two
point three million. So there's a million plus dollar gap between what people are actually earning and what it costs to have those reasonable expectations to raise a family today.
So what would be being at the average American is going to earn less than three point four million, right, what would be the suggestion, like, what's the the outcome of this study? So one thing is like, okay, you got and actually asks chat GBT and they said that is what they actually put it a one point seven
million for average person. But so the first thing I would say is, obviously it would pay that to be in a tool income household, because then that one point seven turns to three point two and no one point yeah, right, three point four three point four So that will put you right there actually if you're married, according to chat GBT. But for the people that are not in that category and are not on pace to earn that much money
in their life span, what's what's the takeaway? What can they do to actually improve their situation to meet that challenge?
They should invest? Right, how do you fill the gap? Where's that one point one million dollars or whatever you're missing? Then it come from it comes from growing your money, right, it comes from investing. That's one way of doing it. Or changing the framework of your dream. Maybe you never wanted to own a home, maybe that's not important to you. Maybe you don't drive, maybe you don't have a kid,
or don't want to raise a family. But if you want to have those reasonable expectations for raising a family, today you're going to get to around that number. But you can change the number.
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An illegal alien from Guatemala charged with raping a child in Massachusetts. An MS thirteen gang member from Al Salvador accused of murdering a Texas man of Venezuelan charged with filming and selling child pornography in Michigan. These are just some of the heinous migrant criminals caught because of President Donald J. Trump's leadership. I'm Christy Noman, the United States
Secretary of Homeland Security. Under President Trump, Attempted illegal border crossings are at the lowest levels ever recorded, and over one hundred thousand illegal aliens have been arrested. If you are here illegally, your next you will be fined nearly one thousand dollars a day, imprisoned, and deported. You will never return. But if you register using our CBP home app and leave now, you could be allowed to return legally.
Do what's right. Leave now under President Trump, America's laws border and families will.
Be protected sponsored by the United States Department of Homeland Security.
Numberge any which way depending on your lifestyle. But let's just say that as that three point four million and you're far away from it, investing is a way to fill the gap. Making your money work for you while you're working is the way to make sure that you're getting to that number or beyond that number so you can leave live even a little bit more comfortably. That's the point of this program, right, That's the point of
what you guys are doing. Helping people build well, helping them find different pathways to build wealth over a lifetime. That's what we believe in, and I think that's the answer.
And plus, with the rate of inflation going up so high, it's going to be a mistake in ten or fifteen years if you don't own a home. So I know there's a big agenda for people to not own, but you have to invest in a long term and you definitely have to look towards own the home because if not, I think the prices will probably double in the next ten years.
Yeah, on a home or on real estate properties that produce you come for. You have to have ways of producing money for you outside of your norse normal occupation. There's two ways to look at it. Right, When you work, that's your labor. Those are your labor dollars that sustain you. But to put your money to work while you're working, get those two things going at the same time. That's how you generate wealth over the long term. And that's
how you build generational wealth. But a lot of people just don't learn that, which is why I'm so impressible that you guys are doing. You've been teaching people how to do this for a long time. That's the point, right, You have to build your wealth and have your money work for you.
So in order to get to this three point foward, there's obviously things you said, like investing, But I wonder when you look at the search the results from your search, is did anything stand out to you?
Right?
Because I'm looking at your top ten. Number ten was racketeering, which is pretty interesting. Number nine assumable mortgages. Number eight bricks, which we've spoken about. Number seven, Treasury Bill, number six, debt ceiling five, inverted yield curve before certificate of deposit. Number three, artificial intelligence, which I probably thought would be number one, number two bank failures, and like you said,
the American dream. So as we're searching for these things, what's staring out to you guys as a company saying all right, well, we got to feed more information. We got to figure out why people are looking at these things. What was glaring to you as you got those results coming back.
Yeah, Artificial intelligence was actually our reader's pick for term of the year, and it makes a lot of sense. Not only was it a huge investing theme. Note Navidia, note a lot of the AI related stocks that had enormous outperformance this year, but AI touched every single industry that we pretty much encounter, right. It was behind the writer and the writer and actor strike in Hollywood. It was behind a lot of what's going on in the auto industry in terms of what that's going to turn
into over the next few years. You just mentioned chat GPT when you asked it how much it would cost to you know, how much a dual family would earn over a lifetime. So it's involved in everything that we're involved with today, and I think it's going to be a dominant theme going forward. So we have to do a lot more content around that, not just as an investing theme, but what does it mean for industries? What does it mean for the future of productivity in this
country and around the world. But when you look at other things like bank failures, well those pop because we were having bank failures in the spring. Banks were supposed to be boring, but there were anything but boring earlier on this year when they were failing and the Treasury and FDIC were seizing them but also taking extraordinary measures to bail out customers of banks. Right the FDIC only guarantees and we did a show on this with you guys when this was happening back in the last spring.
I'm only supposed to cover you for two undred and fifty thousand, Well the Treasury Department said we're going to cover you way beyond that, so that was really interesting. We've been in an inverted yield curve in one form or another all year, and that usually precedes a recession. We've been kind of waiting for a recession now for about fifteen sixteen months, not saying we won't have one,
but the fact that the dynamics have changed. Right, if we had an inverted yeal curb five ten years ago, we would have had a recession like the next minute. But things are really different these days, so we had to get in more of that. And also the assumable mortgage. That really it out to us. Why because this is a way if I want to buy your house in you just transfer your mortgage to me instead of me
going out and getting an eight percent mortgage. It's a unique way of doing transferring a mortgage and actually selling a house to another person. This was popping for us because people were looking for ways to actually own a home, be able to buy a home for the first time. So that's why this term was popping.
An illegal alien from Guatemala charged with raping a child in Massachusetts. An MS thirteen gang member from El Salvador accused of murdering a Texas man of Venezuelan charged with filming and selling child pornography in Michigan. These are just some of the heinous migrant criminals caught because of President Donald J. Trump's leadership. I'm Christine Noman, the United States
Secretary of Homeland Security. Under President Trump, attempted illegal border crossings are at the lowest levels ever recorded, and over one hundred thousand illegal aliens.
Have been arrested.
If you were here illegally, your next you will be fine nearly one thousand dollars a day, imprisoned and deported, you will never return. But if you register using our CBP home app and leave now, you could be allowed to return legally. Do what's right. Leave now. Under President Trump America's laws, border and families will be protected.
Sponsored by the United States Department of Homeland Security,